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Meta Allegedly Profited by $16B From Scam Ads. US Senators Demand FTC, SEC Probe
CNET· 2025-11-25 06:26
US Senators Josh Hawley and Richard Blumenthal are calling for an investigation into Meta over its alleged role in profiting from scam-laden advertisements on Facebook and Instagram. The demand follows a Reuters investigation reportedly based on internal Meta documents that estimated that nearly 10% of Meta's 2024 revenue -- about $16 billion -- came from alleged "illicit advertising."In a letter to the Federal Trade Commission and the Securities and Exchange Commission, the lawmakers urged regulators to "i ...